Post Utme Achievers University 2021 Commerce Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2021 Commerce Objective / Multiple Choice
Question 5 POST_UTME_ACHIEVERS_UNIVERSITY • 2021 • COMMERCE • objective

A sole trader business has a cash balance of ₦100,000 and accounts payable of ₦50,000. If the business receives a cash inflow of ₦20,000 and pays a cash outflow of ₦10,000, what is the new cash balance?

Answer Options

A. ₦120,000
Correct Answer B. ₦110,000
C. ₦100,000
D. ₦90,000
Correct Answer
B
Correct Option:
₦110,000

About This Question

This is Post Utme Achievers University 2021 Commerce Question 5. It is one of the objective questions from the 2021 Post Utme Achievers University Commerce examination.

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